I'm not a mechanical engineer or thermodynamicist,
just an instrument guy who learned enough about fluid flow to understand its measurement with venturi type meters.
I wondered why as an undergrad in EE we took a course in fluid flow - but it turned out quite useful.
..............>>
In your simple system you described the fluid as incompressible and pipe diameter constant.
Therefore the velocity has to be the same everywhere as mentioned earlier.
There may well be some point in your system where the static pressure with flow is same as static pressure without flow. (Without flow the system
is static - there is no dynamic pressure.)
Read up on Bernoulli's principle here - the energy in a flowing fluid is constant...
http://www.princeton.edu/~asmits/Bicycle_web/Bernoulli.html
Observe their assumption of no friction.
One can keep refining the equation by including more energy terms.
You have addressed only static pressure and dynamic pressure
the former being p ,
and the latter being \frac{1}{2}ρV
2 .
You have not included a term for friction loss, or for work taken out of the system.
Were there no friction you wouldn't need the pump.
You can include in Bernoulli more terms - elevation, temperature, depending on how precise you want to be.
The friction losses in a real piping system eat away at that static pressure term.
Presumably that energy of pressure is changed into into heat.
It is replaced by the pump.
Since the dynamic pressure term is defined as velocity^2 and velocity is constant , heat could come from noplace else but pressure.
In a converging-diverging venturi flowmeter , downstream pressure will be slightly lower than upstream.
So the exchange between energies of velocity and pressure in a venturi is not quite perfect. But to my recollection it's better than 99% in a good one.
That's why we instrument guys prefer our flow venturis mounted horizontal, so we don't have to include an elevation term in our formula for flow.
Perhaps a genuine mechanical engineer can improve or correct my thoughts here.
old jim